Investor Interest in Behavioral Health Real Estate Continues to Rise as COVID Sparks More Demand

The behavioral health industry is an increasingly attractive place for health care and life science commercial real estate investment, in part, because of “dramatically improved” payment from Medicaid and Medicare. Thirty-eight percent of survey respondents said that behavioral health facilities fit into their investment criteria for 2022, according to a report by Dallas-based commercial real […]

Increased Demand, Workforce Shortages to Drive Even More Behavioral Health Joint Ventures in 2022

Behavioral health mergers and acquisitions have generated much buzz in the last couple of years, as dealmaking has reached record levels. However, some other providers are choosing to scale up operations by going a different route — joint ventures (JVs). Acadia Healthcare (Nasdaq: ACHC) and Universal Health Systems (NYSE: UHS) – two of the biggest […]

Bay Area Clinical Associates to Expand Nationwide After Investment From Frontline Healthcare Partners

Bay Area Clinical Associates announced Friday that it plans to expand nationwide following a new partnership with Charleston, South Carolina-based private equity firm Frontline Healthcare Partners. The San Jose, California-based mental health provider presently has over 80 youth-focused clinicians, including 35 child and adolescent psychiatrists, and claims to be one of the largest groups on […]

UnitedHealth CEO: Refresh Mental Health Acquisition ‘Fits Right Into Value-Based Proposition’

Managing behavioral health in tandem with medical issues is at the core of UnitedHealth Group Inc.’s (NYSE: UNH) value-based care strategy. The company’s recent acquisition of Jacksonville Beach, Florida-based Refresh Mental Health is emblematic of the company’s approach to value-based care, CEO Sir Andrew Witty said Thursday on United’s Q1 2022 earnings call. “Refresh Mental […]

Proven Behavior Solutions Lands Growth Capital From Health Enterprise Partners

Proven Behavior Solutions is primed to expand its services across New England following a strategic investment in the company. The Norwell, Massachusetts-based Autism Spectrum Disorder (ASD) treatment company announced it landed an investment from New York City-based Health Enterprise Partners but did not offer specifics in the news release announcing the deal. A request for […]

Eleanor Health Lands $50M for Value-Based Care Focused Addiction and Mental Health Care Platform

Eleanor Health revealed Thursday that it landed a $50 million Series C funding round. The Waltham, Massachusetts-based addiction and mental health care provider is built around deploying population health and value-based payment models, putting it at the forefront of behavioral health startups with innovative care and reimbursement models. Launched in 2019, the company has raised […]

Caregiver Inc. Expands Reach in Indiana Through 2 Deals

Fort Worth, Texas-based Caregiver Inc. expanded its presence in Indiana through deals with two different organizations. The long-term care services and support provider for those with intellectual and developmental disabilities (I/DD) closed on a deal to acquire the I/DD services of an organization now known as AbleLight in Valparaiso and Greenfield, Indiana. In the two […]

Optum-Refresh Blockbuster Blazes a Consolidation Trail for the Next Mental Health Platform

Historic levels of investment in the behavioral health space in the previous two years suggest that the outpatient mental health segment could continue to see swiftly growing companies at the center of big-time exits. Optum’s high-profile acquisition of Refresh Mental Health, in particular, demonstrates the massive interest in the mental health space, especially in scaled […]

Magellan Healthcare Partners with Ria Health for AUD Services in California

Ria Health, a virtual treatment provider for alcohol use disorder (AUD), has announced a collaboration with Magellan Healthcare to make its services available to California members of the behavioral and specialty health solutions manager. Under the partnership, San Francisco-based Ria will offer medical and coaching support by way of a secure video chat option. Ria’s […]

Brightside Health Raises $50M in Series B to Expand Behavioral Services, Grow Staff

Digital behavioral care provider Brightside Health has raised $50 million in a Series B funding round led by ACME Capital and Mousse Partners.  The latest round brings the amount raised to date by San Francisco-based Brightside to $75 million. The company last year raised $24 million in a Series A round. Existing investors that participated in […]